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Empowering enterprises to "Go Global": Shenzhen Longgang District takes practical measures

12/06/2024 Source: cnbayarea.org.cn

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Hong Leong Technology Park Shenzhen. 

In recent days, the Shenzhen Longgang District Enterprise Internationalization Service Center was officially inaugurated. Located in the Hong Leong Technology Park Shenzhen, the center serves as a one-stop hub for local businesses aiming to "go global" and overseas enterprises seeking to "come in." The center offers professional support to help companies navigate complex issues in foreign markets, such as legal compliance, taxation, and human resources, catering to diverse business needs and fostering the district's international economic growth. 

Shenzhen Longgang District Enterprise Internationalization Service Center.  

On November 1, the Longgang Sub-Center of the Shenzhen Foreign Affairs Service Center for Business Expansion was also inaugurated at the Hong Leong Technology Park Shenzhen. Positioned as a key platform for supporting business internationalization, the center integrates diverse resources to offer precise, professional, and convenient one-stop services for Longgang enterprises, facilitating their efforts to expand into global markets and driving regional economic globalization.

The Shenzhen Longgang District Enterprise Internationalization Service Center provides convenient foreign-related information inquiry services. 

As a major hub for manufacturing and foreign trade in Shenzhen, Longgang District achieved a total import and export volume of 479.27 billion yuan from January to October 2024, marking a year-on-year increase of 9.4% and accounting for 12.7% of the city's total. Exports alone reached 375.5 billion yuan, up 4.6% year-on-year and contributing 15.8% to Shenzhen's total. The district's enterprises demonstrate a clear trend of internationalization, which has spurred diverse demands for foreign-related legal services.

From contract management and dispute resolution to compliance development and intellectual property protection, as well as supply chain financing and financial legal services, every step of the process relies on professional legal support. The growing demand highlights the critical role of international legal services in facilitating business globalization and sustaining the district's economic growth.

Longgang District has recently formulated and introduced the Work Plan for Strengthening Foreign-related Legal System Construction and Assisting the International Development of Longgang Enterprises, proposing 15 solid measures to help enterprises enhance their ability to prevent international trade risks and resolve international trade disputes. With high-level foreign-related legal services, the district is promoting high-quality economic development across the region and striving to create a first-class business environment that is market-oriented, rule-of-law based, and internationalized, supporting the stable and far-reaching journey of enterprises on the path to internationalization. 

Shenzhen Longgang District Foreign-related Legal Services Manual

Additionally, Longgang District has organized foreign-related legal practice experts to compile the Shenzhen Longgang District Foreign-related Legal Services Manual I, which assists Longgang enterprises in understanding and becoming familiar with the legal systems of foreign countries and regions, and in carrying out foreign investment and cooperation in a compliant and orderly manner. 


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